2023 Benefits Guide Disability Insurance If you were to be out of work due to an injury or illness, could you and your family survive without a paycheck? Disability insurance is essentially “paycheck” insurance, ensuring you will receive a portion of your income if you were out of work due to injury or illness. Short-Term Disability (STD) provides a weekly benefit, while Long-Term Disability (LTD) pays a monthly benefit afterSTD insurance has been exhausted. WestCareoffers STD and LTD insurance that is paid by you. Administered by New York Life, you must indicate your disability plan choices or your decision not to select coverage in Paycom. Short-Term Disability (STD) Insurance Long-Term Disability (LTD) Insurance STD benefits become payable when you are unable to LTD insurance offers a monthly benefit to help replace lost work due to an injury or illness unrelated to work. If you income if you experience a disability lasting longer than 24 months. Proof of disability is required. remain disabled and meet the plan’s disability requirements, you will continue to receive a percentage of your weekly earnings until the benefit duration has Benefit ended. Begins After 90 days of qualified disability STD benefits integrate with state-mandated disability Benefit 60% of basic monthly earnings to plans. Amount $5,000per month Benefit Social Security Normal Retirement Benefit You must be disabled for 7 days for Duration Age (SSNRA) Begins accident, 7 days for sickness LTD claims for newly covered employees will be denied if Benefit 60 % of your weekly salary to $1,000 you received medical treatment, medical advice, care or Amount per week services or took prescribed drugs or medicines in the last 3months prior to the effective date of this coverage and Benefit Up to 13 weeks the disability began in the first 12 months after your Duration effective date of coverage. 23 WestCare